13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0000062061
申報總市值
US$1.2億
US$1.2億
54 檔
51.2%
截至 Q4 2025 季度末，V. M. Manning & Co., Inc. 的美股持倉估值約為 US$1.2億，全數申報部位共有 54 檔。
V. M. Manning & Co., Inc. 在 Q4 2025 的調整主要集中於風險出清，清倉與減碼部位合計達 37 檔，反映機構對當前市場環境或個別公司估值採取較為保留之看法。
檢視投資組合結構，前 5 大主力部位（包含 NVDA, AAPL, VMC）占據了總市值的 51.2%，展現出該機構在 Q4 2025 的重點資金聚焦與風險分佈特徵。
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | 股票-科技 | 42.27% | -2.26% | -13.66% | |
| 2 | AAPL | Apple Inc | 股票-科技 | 9.70% | +2.44% | -32.45% | |
| 3 | VMC | Vulcan Materials Co | 股票-原物料 | 3.35% | -0.36% | +2.25% | |
| 4 | FDX | Fedex CORP | 股票-工業 | 2.51% | -0.12% | -4.67% | |
| 5 | ABT | Abbott Laboratories | 股票-醫療保健 | 2.38% | -0.84% | -8.04% | |
| 6 | NUE | Nucor CORP | 股票-原物料 | 2.32% | +0.55% | -9.86% | |
| 7 | GEV | GE Vernova Inc | 股票-工業 | 2.22% | +1.27% | -3.39% | |
| 8 | DUK | Duke Energy CORP | 股票-公用事業 | 2.03% | +0.05% | -11.35% | |
| 9 | BA | Boeing Co/the | 股票-工業 | 1.90% | -0.22% | -8.31% | |
| 10 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.89% | -1.89% | EXIT | |
| 11 | HON | Honeywell International Inc | 股票-工業 | 1.84% | -1.84% | EXIT | |
| 12 | MRK | Merck & Co. Inc. | 股票-醫療保健 | 1.49% | +0.05% | +0.56% | |
| 13 | AMZN | Amazon.com Inc | 股票-循環性消費 | 1.38% | +0.14% | -25.04% | |
| 14 | TXT | Textron Inc | 股票-工業 | 1.38% | -0.07% | -10.68% | |
| 15 | FCX | Freeport-mcmoran Inc | 股票-原物料 | 1.36% | +0.15% | +2.21% | |
| 16 | DIS | Walt Disney Co/the | 股票-通訊服務 | 1.33% | -0.39% | -0.73% | |
| 17 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.29% | -0.01% | -0.42% | |
| 18 | CSCO | Cisco Systems Inc | 股票-科技 | 1.25% | +0.47% | +1.58% | |
| 19 | TGT | Target CORP | 股票-循環性消費 | 1.18% | +0.23% | -0.53% | |
| 20 | MSFT | Microsoft CORP | 股票-科技 | 1.16% | -0.37% | -4.12% | |
| 21 | STZ | Constellation Brands Inc-a | 股票-非循環性消費 | 0.95% | -0.14% | -5.39% | |
| 22 | OLN | Olin CORP | 股票-原物料 | 0.95% | -0.10% | -8.41% | |
| 23 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 0.94% | +0.19% | -27.78% | |
| 24 | DE | Deere & Co | 股票-工業 | 0.94% | +0.14% | — | |
| 25 | KMB | Kimberly-clark CORP | 股票-非循環性消費 | 0.80% | — | -8.32% | |
| 26 | IBM | Intl Business Machines CORP | 股票-科技 | 0.78% | -0.15% | +0.04% | |
| 27 | GLD | Spdr Gold Shares | ETF-避險與商品 | 0.72% | -0.72% | EXIT | |
| 28 | SCHD | Schwab US Dvd Equity ETF | ETF-其他 | 0.71% | -0.71% | EXIT | |
| 29 | PLTR | Palantir Technologies Inc-a | 股票-科技 | 0.67% | -0.21% | -6.37% | |
| 30 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.61% | -0.02% | -3.22% | |
| 31 | QQQ | Invesco Qqq Trust Series 1 | ETF-科技型 | 0.61% | -0.61% | EXIT | |
| 32 | CVX | Chevron CORP | 股票-能源 | 0.56% | -0.02% | -5.25% | |
| 33 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.49% | +0.01% | -3.30% | |
| 34 | JNJ | Johnson & Johnson | 股票-醫療保健 | 0.43% | +0.04% | +0.49% | |
| 35 | SCHB | Schwab US Broad Market ETF | ETF-其他 | 0.38% | -0.38% | EXIT | |
| 36 | JPM | Jpmorgan Chase & Co | 股票-金融 | 0.37% | -0.03% | -6.08% | |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.37% | -0.06% | — | |
| 38 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.34% | +0.01% | -0.26% | |
| 39 | KGC | Kinross Gold CORP | 股票-原物料 | 0.33% | -0.04% | -33.74% | |
| 40 | PSLV | Sprott Physical Silver Trust | 股票-其他 | 0.32% | -0.11% | -55.98% | |
| 41 | IWM | Ishares Russell 2000 ETF | ETF-中小型股 | 0.32% | -0.32% | EXIT | |
| 42 | ITW | Illinois Tool Works | 股票-工業 | 0.30% | -0.30% | EXIT | |
| 43 | CAT | Caterpillar Inc | 股票-工業 | 0.28% | +0.15% | — | |
| 44 | BE | Bloom Energy Corp- A | 股票-工業 | 0.27% | +0.53% | — | |
| 45 | MUB | Ishares National Muni Bond E | ETF-其他 | 0.27% | -0.27% | EXIT | |
| 46 | INTC | Intel CORP | 股票-科技 | 0.24% | +0.83% | -28.68% | |
| 47 | EMR | Emerson Electric Co | 股票-工業 | 0.24% | -0.02% | — | |
| 48 | GE | General Electric | 股票-工業 | 0.24% | +2.23% | -90.14% | |
| 49 | GDX | Vaneck Gold Miners ETF | ETF-避險與商品 | 0.24% | -0.24% | EXIT | |
| 50 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 0.23% | -0.04% | -13.09% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | +0.9% | -13.66% | 減碼 |
| 2 | FDX | Fedex CORP | +0.6% | -4.67% | 減碼 |
| 3 | LLY | Eli Lilly & Co | +0.5% | -0.42% | 減碼 |
| 4 | MRK | Merck & Co. Inc. | +0.4% | +0.56% | 加碼 |
| 5 | FCX | Freeport-mcmoran Inc | +0.3% | +2.21% | 加碼 |
| 6 | CSCO | Cisco Systems Inc | +0.3% | +1.58% | 加碼 |
| 7 | GEV | GE Vernova Inc | +0.3% | -3.39% | 減碼 |
| 8 | IBM | Intl Business Machines CORP | +0.2% | +0.04% | 加碼 |
| 9 | NUE | Nucor CORP | +0.2% | -9.86% | 減碼 |
| 10 | GOOGL | Alphabet Inc-cl A | +0.1% | -27.78% | 減碼 |
| 11 | TGT | Target CORP | +0.1% | -0.53% | 減碼 |
| 12 | JNJ | Johnson & Johnson | +0.1% | +0.49% | 加碼 |
| 13 | TXT | Textron Inc | +0.1% | -10.68% | 減碼 |
| 14 | PLTR | Palantir Technologies Inc-a | +0.1% | -6.37% | 減碼 |
| 15 | DIS | Walt Disney Co/the | +0.1% | -0.73% | 減碼 |
| 16 | DE | Deere & Co | +0.1% | — | 不變 |
| 17 | SCHB | Schwab US Broad Market ETF | +0.1% | -0.40% | 減碼 |
| 18 | INTC | Intel CORP | 0% | -28.68% | 減碼 |
| 19 | MSFT | Microsoft CORP | 0% | -4.12% | 減碼 |
| 20 | COST | Costco Wholesale CORP | 0% | -0.26% | 減碼 |
| 21 | ITW | Illinois Tool Works | 0% | — | 不變 |
| 22 | CVX | Chevron CORP | — | -5.25% | 減碼 |
| 23 | SO | Southern Co/the | — | -5.29% | 減碼 |
| 24 | PG | Procter & Gamble Co/the | 0% | -3.22% | 減碼 |
| 25 | KGC | Kinross Gold CORP | 0% | -33.74% | 減碼 |
| 26 | IWM | Ishares Russell 2000 ETF | 0% | -19.24% | 減碼 |
| 27 | META | Meta Platforms Inc-class A | 0% | -13.09% | 減碼 |
| 28 | PSLV | Sprott Physical Silver Trust | -0.1% | -55.98% | 減碼 |
| 29 | ABT | Abbott Laboratories | -0.1% | -8.04% | 減碼 |
| 30 | HON | Honeywell International Inc | -0.1% | -3.12% | 減碼 |
| 31 | OLN | Olin CORP | -0.1% | -8.41% | 減碼 |
| 32 | STZ | Constellation Brands Inc-a | -0.1% | -5.39% | 減碼 |
| 33 | DUK | Duke Energy CORP | -0.1% | -11.35% | 減碼 |
| 34 | GDX | Vaneck Gold Miners ETF | -0.1% | -59.06% | 減碼 |
| 35 | BA | Boeing Co/the | -0.2% | -8.31% | 減碼 |
| 36 | AMZN | Amazon.com Inc | -0.2% | -25.04% | 減碼 |
| 37 | KMB | Kimberly-clark CORP | -0.2% | -8.32% | 減碼 |
| 38 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.4% | -28.15% | 減碼 |
| 39 | AAPL | Apple Inc | -1.4% | -32.45% | 減碼 |
| 40 | GE | General Electric | -1.7% | -90.14% | 減碼 |
| 41 | TFC | Truist Financial CORP | — | EXIT | 清倉 |
| 42 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | 新建倉 |
| 43 | XOM | Exxon Mobil CORP | — | EXIT | 清倉 |
| 44 | CAT | Caterpillar Inc | — | NEW | 新建倉 |
| 45 | BE | Bloom Energy Corp- A | — | NEW | 新建倉 |
| 46 | MUB | Ishares National Muni Bond E | — | NEW | 新建倉 |
| 47 | ARDX | Ardelyx Inc | — | EXIT | 清倉 |
| 48 | RTX | Rtx CORP | — | NEW | 新建倉 |
| 49 | RBLX | Roblox CORP -class A | — | EXIT | 清倉 |
| 50 | VTI | Vanguard Total Stock Mkt ETF | — | NEW | 新建倉 |
根據 SEC 官方 Form 13F 申報備案，V. M. Manning & Co., Inc. 在 Q4 2025 季度的美股持倉總市值約為 US$1.2億，共申報了 54 個公開持股部位。
在 Q4 2025 季度，V. M. Manning & Co., Inc. 按市值排列的前三大核心持股分別為：NVDA (42.3%)、AAPL (9.7%)、VMC (3.4%)。其中最大持股部位 NVDA 佔據整體投資組合約 42.3% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
QQQ
市值: US$60.1萬
本季最大獲利了結 / 清倉標的
TFC
前期市值: US$138.3萬
在 Q4 2025 季度中，V. M. Manning & Co., Inc. 共進行了 48 項持倉異動，包含新建倉 6 個部位、加碼 5 個部位、減碼 33 個部位以及清倉 4 個部位。 其中最大新建倉標的為 QQQ。 本季清倉部位包含 TFC。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。